RABAT (Reuters) – The number of tourists visiting Morocco in the first six months this year grew to 7.4 million, up 14% compared with the same period last year, Morocco’s tourism ministry said on Wednesday. Last year, the country welcomed a record 14.5 million tourists. It expects to attract 17.5 million tourists in 2026 and …
Morocco reports 14% increase in tourist arrivals in Jan-June Read More »
CAIRO (Reuters) -Egypt’s annual urban inflation rate slowed for a fourth consecutive month in June, to 27.5% from 28.1% in May, data from the country’s statistics agency showed on Wednesday. June’s fall extended the downward shift from a record 38% in September 2023 as authorities have shifted to an inflation targeting model and a flexible …
Egypt’s inflation rate eases for fourth month running in June Read More »
KAMPALA (Reuters) – Telecom firm Airtel Uganda, a unit of India’s Bharti Airtel, said on Wednesday it plans to sell shares left over from its undersubscribed initial public offering to comply with regulatory requirements. Last year, the firm sold just 54.45% of the 8 billion shares in an initial public offering meant to raise 800 …
JOHANNESBURG (Reuters) -The South African rand gained on Wednesday against a weaker dollar, as focus remains on the future interest rate path of the world’s biggest economy. At 1508 GMT, the rand traded at 18.12 against the dollar, 0.14% stronger than its previous close. The dollar index last traded around 0.08% weaker against a basket …
South African rand gains on weaker dollar, focus on Fed rate path Read More »
BENGHAZI (Reuters) – Libya’s eastern-based parliament approved what it called an additional budget of 88 billion Libyan dinars ($18.3 billion) on Wednesday to its appointed government for the rest of the current year, the parliament spokesman said. The approval was unanimous in a closed session, the spokesman Abdullah Belhaiq said. At the end of April, …
Libya’s parliament approves $18.3 billion additional budget to its appointed government Read More »
RABAT (Reuters) – Morocco plans to acquire a spy satellite from Israeli Aerospace Industries (IAI) in a $1 billion deal, Moroccan media reported on Wednesday. The state-owned IAI said on Tuesday it entered a $1 billion contract to supply one of its systems to an unnamed third party. IAI, which makes some of Israel’s most …
Morocco to acquire Israeli spy satellite worth $1 billion- media Read More »
By Nyasha Chingono HARARE (Reuters) – Zimbabwe has revised its economic growth forecast downwards as southern Africa’s worst drought in decades ravages crop yields, its finance minister told Reuters on Wednesday, but a bounceback in growth is likely in 2025. Finance Minister Mthuli Ncube said economic growth is forecast at 2% for 2024, down from …
Lower growth forecast for Zimbabwe as drought ravages crop yields – Finance Minister Read More »
BAMAKO (Reuters) – Mali is currently unable to refuel commercial aircraft in its capital Bamako due to fuel shortages and is asking airlines to refuel elsewhere until next week, its transport ministry told Reuters. “There are a lot of flight operations these days and that has affected the fuel stock,” Ould Mamouni, a ministry spokesman, …
Mali advises airlines to refuel elsewhere due to aviation fuel shortage Read More »
ACCRA (Reuters) -Ghana’s consumer inflation slowed for a third consecutive month to 22.8% year-on-year in June from 23.1% in May, the statistics service said on Wednesday. Government statistician Samuel Kobina Annim told a news conference that the June inflation was largely driven by a decline in non-food inflation which dropped to 21.6%, enough to mute …
Ghana consumer inflation slows to 22.8% year-on-year in June Read More »
ADDIS ABABA (Reuters) – Ethiopian state-owned telecom company Ethio Telecom said on Wednesday that its full-year revenue and net profit rose by more 20% in the year that ended in June. Revenue increased 22% to 93.7 billion birr ($1.63 billion), while net profit rose 21% to 21.79 billion birr, Chief Executive Frehiwot Tamiru told a …
Ethio Telecom’s full-year revenue, net profit rise over 20% Read More »
